News & Updates

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Budget and Brexit – what can we expect?

No one can deny these are uncertain times! Brexit is still an enigma, and the date of the next Budget is up in the air. Here are some key changes to watch out and plan for.

Changes to holiday pay calculations

If you’re an employer, then from April 2020 you will have new rules to follow when calculating your employees’ holiday pay, designed to strengthen workers’ rights.

Survey for landlords and the self-employed

The Office of Tax Simplification has released two surveys, one for landlords and one for small business owners, to establish if you want to know your tax liabilities.

Delay in VAT Domestic Reverse Charge

HMRC was planning to introduce a VAT domestic reverse charge for building services from October 2019, but has now announced there will be a 12 month delay

Open banking and new bank feeds

‘Open Banking’, designed to give you more control of your banking data, is coming into effect from September 2019, and it will change your business bank feeds from Xero and Quickbooks.

Changes to tax relief for property owners

If you let out or sell a property, there are a couple of tax relief updates and changes due to take place which you should be aware of.

2018/19 Tax year-end – the benefits to consider

As the 2018/19 tax year draws to a close, make sure you’ve considered all the allowances available in order to optimise your tax planning.

Making Tax Digital for VAT – it’s almost time!

Despite all the uncertainty surrounding Brexit, the clock is still ticking to 1 April 2019, when MTD for VAT comes into force and businesses will have to change the way they submit VAT. Here’s how to make sure you’re ready.

Some key tax dates in 2019

There are a number of important tax dates to watch out for in 2019, including capital allowances and Making Tax Digital for VAT.

Payslips and pensions data – the law is changing

From April 2019, the information to include on your employees’ payslips is changing, plus extra pensions data will be required by your pension provider.

Charity quiz night in aid of James Hopkins Trust

Paish Tooth are delighted to be hosting a charity quiz night in aid of James Hopkins Trust on 7 November 2018 at the Hatherley Manor Hotel, and tickets are on sale now!

Time to declare offshore income warns HMRC

HMRC is urging UK taxpayers to come forward and declare any offshore income or profits on foreign assets before 30 September 2018, to avoid higher tax penalties.

Employee Benefit Trusts – notification deadline

Any outstanding loans from disguised remuneration tax avoidance schemes like Employee Benefit Trusts must be registered with HMRC before 30 September 2018.

New minimum wage rates

We have set out the new rates for the national minimum wage, which have increased once more. But watch out – these increases in your employees’ earnings could have potential side-effects.